Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 441 - 450 of 1655 results for "Workers"

Economic recap: Week to July 2

BENJAMIN ONG  |  MONDAY, 5 JUL 2021
... much-anticipated non-farm payrolls report was released at the end of the week. US businesses hired a total of 850,000 workers in June following a 583,000 gain in the previous month. This is higher than consensus expectations for a 700,000 gain and followed ...

SG rise to benefit 6.7m Australians: ISA

KANIKA SOOD  |  FRIDAY, 2 JUL 2021
The new superannuation guarantee rate of 10% will benefit 6.7 million workers, with the younger and lower-income Australians to benefit the most, according to Industry Super Australia. ISA says the average worker will contribute $233 a year extra to ...

Millennials to reap super reform rewards

JAMIE WILLIAMSON  |  MONDAY, 28 JUN 2021
... shows. Colonial First State general manager Kelly Power said the boost to retirement balances is greatest for younger workers due to the power of compounded returns. "This is particularly true for those who withdrew their super early last year to deal ...

HESTA nabs Hostplus executive

ELIZABETH MCARTHUR  |  MONDAY, 28 JUN 2021
... industry fund Hostplus has jumped to HESTA. Kim Farrant will join HESTA, the $60 billion industry fund for healthcare workers, as general manager responsible investment on July 12. Farrant will report to the fund's head of impact, Mary Delahunty. ...

Chief economist update: UK not there yet

BENJAMIN ONG  |  FRIDAY, 25 JUN 2021
... in wages growth (to 5.6% in the April quarter) as due to compositional effects - i.e., more job losses among lower-paid workers - and the base effect of last year's drop in wages. The piece de resistance? "The MPC will continue to monitor the situation ...

SG increase to self-fund retirement

ANNABELLE DICKSON  |  WEDNESDAY, 23 JUN 2021
... the dignified retirements they deserve." ASFA noted the increase to 12% will lead to double the proportion of Australian workers reaching its comfortable retirement standard of $545,000. Only 25% of Australians currently achieve a self-funded retirement. ...

Teachers Mutual launches neobank

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
Australia's largest mutual bank has launched a digital bank to meet the needs of essential workers and appointed a chief digital bank officer. Hiver has been created for essential workers in education, emergency services and healthcare sectors and combines ...

Industry mixed on YFYS

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... performance test. "At least 2.6 million super fund accounts are locked in funds that could fail performance tests - many more workers are in funds that will not be tested," ISA said in a statement. Meanwhile, the Financial Services Council (FSC) disagreed ...

Employers should pay SG rise: ASFA

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... Fair Work Commission considered the July increase in the SG and concluded that Australian employers can afford to pay workers the SG rise in full and increase their take-home pay," Fahy said. The superannuation guarantee is legislated to increase up ...

Your Future, Your Super passes

ELIZABETH MCARTHUR  |  THURSDAY, 17 JUN 2021
... far enough. "A Treasury review of unspecified outcome or timing will do nothing to mitigate the immediate impacts for workers in hazardous sectors. Within months workers in hazardous occupations are at risk of being stapled to a fund containing exclusions ...